SEC Investigates First Republic Bank Execs for Insider Trading; Lawmakers Offload Bank Shares Before Crash


After the U.S. bank failure of First Republic Bank on May 1, 2023, the second-largest in history, the Securities and Exchange Commission (SEC) is investigating potential insider trading by executives. Two sources have claimed that the SEC is looking into the matter, but no specific individuals have been named. Reports indicate that U.S. legislators sold shares in the troubled bank prior to its collapse and acquisition by JPMorgan Chase.

What are your opinions on recent allegations of insider-trading by First Republic Bank executives and the reported sale of shares by U.S. lawmakers prior to the bank’s collapse?

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